Friday 29 January 2016

Markets mixed, BoJ rates go negative

Markets were mixed on Thursday.

The S&P 500 rose 0.6 percent but the STOXX Europe 600 fell 1.6 percent and the Shanghai Composite Index fell 2.9 percent.

US stocks were boosted by higher oil prices. US crude rose 2.8 percent on Thursday on hopes of production cuts.

Meanwhile, Friday's trading could prove interesting after the Bank of Japan adopted a negative interest rate policy.

At its monetary policy meeting on Friday, the BoJ decided to put an interest rate of -0.1 percent on current accounts held at the central bank while maintaining its ongoing asset purchase plan.

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